On 4 October 2011, AEGON Global Pensions organised a second one-hour briefing ('webinar') for members of the American Benefits Council. More than 130 members joined the webinar.
The American Benefits Council hosted the second of a two-part webinar series on longevity risk on 4 October 2011. Guest speakers Chris Madsen and Martijn Tans, of AEGON Global Pensions, discussed the effects of increasing longevity on defined contribution (DC) plan sponsors and participants.
Since many companies have moved from providing their employees with DB pension plans to providing DC plans, it is important to understand how increasing longevity affects individuals with DC plans and how companies can help individuals to enjoy the fruits of increased longevity while protecting them and their families against the risks.
Martijn Tans and Chris Madsen addressed the following questions:
- Why is longevity risk a problem for DC plans?
- How does increasing longevity affect the adequacy of DC plans?
- How can individuals cope with longevity risk?
- What lessons can we learn from the management of DB pensions?
- How does the US approach to DC retirement savings differ from other countries?
- How does an individual protect against increasing longevity?
Please click here to download the presentation slides (external link).
A digital playback/recording is available at this link (external link).
First webinar on 13 September 2011
Chris Madsen and Martijn Tans, authors of the white paper Longevity and Pensions - Protecting company pensions against increasing longevity, focused on longevity challenges associated with defined benefit (DB) pension plans in the first webinar on 13 September 2011.
